MIRA INFORM REPORT

 

 

Report No. :

351733

Report Date :

02.12.2015

 

IDENTIFICATION DETAILS

 

Name :

PACAEMBU AUTOPEÇAS LTDA

 

 

Registered Office :

Rua Walfrido De Grammont,10 - Barra Funda, 01141-080 - SÃO Paulo/SP

 

 

Country :

Brazil

 

 

Date of Incorporation :

01.04.1963

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Distribution of parts and accessories for heavy vehicles.

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BRAZIL - ECONOMIC OVERVIEW

 

Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, and a rapidly expanding middle class, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. Since 2008, Brazil became a net external creditor and all three of the major ratings agencies awarded investment grade status to its debt.

After strong growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. In 2010, consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the past 25 years. GDP growth has slowed since 2011, due to several factors, including: overdependence on exports of raw commodities, low productivity, high operational costs, persistently high inflation, and low levels of investment. After reaching historic lows of 4.5% in early 2014, the unemployment rate remains low, but is rising. Brazil's traditionally high level of income inequality has declined for each of the last 15 years.

Brazil’s fiscal and current account balances have eroded during the past four years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. After winning reelection in October 2014 by a historically narrow margin, President Dilma ROUSSEFF appointed a new economic team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity package intended to restore the primary account surplus to 1.2% of GDP and preserve the country's investment-grade sovereign credit rating.

Brazil seeks to strengthen its workforce and its economy over the long run by imposing local content and technology transfer requirements on foreign businesses, by investing in education through social programs such as Bolsa Familia and the Brazil Science Mobility Program, and by investing in research in the areas of space, nanotechnology, healthcare, and energy.

 

Source : CIA

 

Company name

 

PACAEMBU AUTOPEÇAS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA WALFRIDO DE GRAMMONT,10 - BARRA FUNDA

ZIP CODE/CITY:

01141-080 - SÃO PAULO/SP

 

 

PHONE:

11 3618-5800

FAX:

11 3618-5800

E-MAIL:

contabil01@pacaembuautopecas.com.br

WEB SITE:

www.pacaembuautopecas.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RODOVIA BR 316, KM 5, Nº.,4800 GALPÃO 01 - BAIRRO COQUEIRO

ZIP CODE/CITY:

67033-000 BELÉM/PA

PHONE:

91 3184-8000

FAX:

91 3184-8080

CNPJ:

61.295.473/0005-81

STATE REGISTER:

15.247.490-0

 

 

ADDRESS:

AVENIDA MAJOR DELFINO DE PAULA RICARDO,2525 - SÃO FRANCISCO

ZIP CODE/CITY:

31255-170 BELO HORIZONTE/MG

PHONE:

31 2126.8800

FAX:

31 2126.8830

CNPJ:

61.295.473/0013-91

STATE REGISTER:

062.668.921.0056

 

 

ADDRESS:

SIA SUL, TRECHO 2, LOTES 1025/1035, S.I.A.,0

ZIP CODE/CITY:

71200-020 BRASÍLIA/DF

PHONE:

61 2102-3000

FAX:

61 2102-3030

CNPJ:

61.295.473/0019-87

STATE REGISTER:

074.153.33/002-7

 

 

ADDRESS:

RUA CARDEAL JOSEPH CARDJIN, 896/,910 - JARDIM EULINA

ZIP CODE/CITY:

13063-430 CAMPINAS/SP

PHONE:

19 2101-8000

FAX:

19 2101-8080

CNPJ:

61.295.473/0004-09

STATE REGISTER:

244.960.544.111

 

 

ADDRESS:

RUA SIMÃO BOLIVAR,307 - VILA PROGRESSO

ZIP CODE/CITY:

79050-360 CAMPO GRANDE/MS

PHONE:

67 2107.8888

FAX:

67 2107.5567

CNPJ:

61.295.473/0020-10

STATE REGISTER:

28.339.206-1

 

 

ADDRESS:

RUA PESQUEIRA,159 - BONSUCESSO

ZIP CODE/CITY:

21041-150 RIO DE JANEIRO/RJ

PHONE:

21 2195-8800

FAX:

21 2195-8805

CNPJ:

61.295.473/0018-04

STATE REGISTER:

77.071.091

 

 

ADDRESS:

RUA HELIO DE BARROS,154 - BARRA FUNDA

ZIP CODE/CITY:

01141-050 SAO PAULO/SP

PHONE:

11 3618-5800

CNPJ:

61.295.473/0023-63

STATE REGISTER:

149.797.915.116

 

FURTHER TO THE ABOVE THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: CUIABÁ/MT, CURITIBA/PR, CARIACICA/ES, LONDRINA/PR, PORTO ALEGRE/RS, RECIPE/PE, RIBEIRÃO PRETO/SP, SALVADOR/BA, GOIÂNIA/GO, SÃO JOSÉ DO RIO PRETO/SP, UBERLÂNDIA/MG AND ITAJAÍ/SC.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

DISTRIBUTION OF PARTS AND ACCESSORIES FOR HEAVY VEHICLES.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

01/04/1963

REGISTER DATE:

01/04/1963

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

61.295.473/0001-58

STATE REGISTER:

148.531.521.117

 

 

SHARE CAPITAL:

R$ 6.270.000,00

 

BOARD OF DIRECTORS:

 

 

 

LUIZ CASSSORLA

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

LUIZ CASSSORLA

R$ 6.269.998,00

MANOELA DIAS CASSSORLA

R$ 2,00

 

AFFILIATES / SUBSIDIARIES:

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS THE FOLLOWING UNCONFIRMED HOLDINGS:

 

KITS PEÇAS COMERCIO LTDA

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON APRIL 01, 1963 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

TRADE NAME: "PACAEM AUTO PEÇAS".

 

PARTNERS:

 

LUIZ CASSSORLA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 097.579.458-20, RESIDENTIAL ADDRESS AT RUA BARONESA DE ITU 821, APTO 52, SAO PAULO/SP.

 

MANOELA DIAS CASSSORLA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 153.554.568-20, RESIDENTIAL ADDRESS AT RUA BARONESA DE ITU 821, APTO 52, SAO PAULO/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. VINICIUS - ACCOUNTING DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED.

 

IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER INFORMATION.

 

THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED.

 

PUBLIC INFORMATION:

 

PROTESTS:

 

1  PROTEST,TOTAL AMOUNT R$ 4.756,87

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

3º CARTÓRIO DE PORTO ALEGRE/RS

15/10/2012

R$ 4.756,87

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

STATE LAWSUIT

12/08/13

1ª VARA DE GUARULHOS/SP

1

EVICTION

27/09/11

5ª VARA DE CUIABA/MT

 

 

FINANCIAL INFORMATION

 

DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION.

 

OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY.

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 3,84

 - OFFICIAL RATE ON 30/11/2015

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING.

 

REAL ESTATE:

 

NOT AVAILABLE

 

VEHICLES:

 

NOT AVAILABLE

 

MACHINES:

 

 

NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

 

 

NOT AVAILABLE.

 

 

 

REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS.

 

ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK"). DATE

 

 

ACTIVITIES COMMENTS

 

DISTRIBUTION OF PARTS AND ACCESSORIES FOR HEAVY VEHICLES.

 

IMPORT AND EXPORT:

 

 

IMPORTS FROM:

NOT AVAILABLE.

 

EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE.

 

 

 

STAFF:

 

   NOT AVAILABLE

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD ESTABLISHED COMPANY, OPERATING SINCE 1963. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. IT IS A FAMILY-RUN COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES.

 

THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED.

 

THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S TRADE REPUTATION.

 

THE PROTEST IS IRRELEVANT.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

3M

 

 

ARVIN MERITOR

 

 

AUTO LINEA

 

 

BEHR

 

 

BORG WARNER TURBO SYSTEMS

 

 

BORLEM

 

 

COBREQ

 

 

CORTECO

 

 

DAYCO

 

 

EATON

 

 

FIRESTONE

 

 

FUNDIÇÃO BATATAIS LTDA

 

 

GATES

 

 

GOODYEAR

 

 

INCODIESEL

 

 

KOSTAL

 

 

LOCTITE

 

 

MANN FILTER

 

 

METAL LEVE

 

 

MONROE

 

 

NAKATA

 

 

NSK

 

 

PHILIPS

 

 

RADIADORES VISCONDE

 

 

ROBERT BOSCH

 

 

SABÓ

 

 

SACHS

 

 

SIEMENS VDO

 

 

STAHL

 

 

TIMKEN

 

 

UNIPAC

 

 

WABCO

 

 

WAHLER

 

 

 

PAYMENT HISTORY:

 

28 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 1.539.688,00

 

AMOUNT OF INVOICES PAID: 395

TOTAL OF PROMPT PAYMENTS: 99,6%

TOTAL OF DELAYED PAYMENTS: 0,4%

 

HIGHEST INVOICE: R$ 126.153,00

HIGHEST CREDIT: R$ 126.153,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

2

R$ 4.000,09

 

 

FINAL OPINION

 

BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.52

UK Pound

1

Rs.100.44

Euro

1

Rs.70.44

BRL

1

Rs. 17.32

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

ASH

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.